📊 Global Bean Market Analysis: Stability Amidst Supply Constraints
The global bean market is currently experiencing a phase of stability, primarily driven by a tight supply scenario. Key factors influencing the current market prices include limited high-quality bean supplies in the UK, steady demand, and low inventory levels. This report delves into the detailed market dynamics of various bean types including Kidney, Adzuki, and Mung beans, with a focus on significant trading hubs like China and Brazil.
Despite the stable demand, the market is cautious due to the scarcity of premium quality beans which supports the prices at a steady level. Traders and manufacturers are primarily digesting existing stockpiles, with a keen eye on the upcoming seed demand which could potentially influence market prices further.
Current FOB prices from Brasília and London show a consistent market with Kidney beans priced at $1.48 per unit and Mung beans at $1.47 per unit, reflecting a slight decrease in the latter. This report will cover recent price movements, analyze key market drivers including USDA reports, planting forecasts, and stock levels, and provide a detailed weather forecast for major bean-producing regions to assess potential impacts on upcoming harvests.
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Kidney beans
dark red
FOB 1.47 €/kg
(from BR)
Kidney beans
brown eye
FOB 1.41 €/kg
(from BR)
Kidney beans
white
99%
FOB 1.40 €/kg
(from GB)
📈 Market Overview
| Type | Price (USD) | Previous Price (USD) | Location |
|---|---|---|---|
| Kidney Beans (Dark Red) | 1.48 | 1.48 | Brasília |
| Mung Beans (Organic) | 1.47 | 1.49 | Beijing |
| Adzuki Beans (Red, Organic) | 1.59 | 1.61 | Beijing |
📉 Key Market Drivers
- USDA reports and global stock levels are closely monitored.
- Planting forecasts and speculative positions in major markets.
- Impact of weather conditions on bean production in key regions.
⛅ Weather Forecast – Impact on Harvest
Upcoming weather conditions in China and Brazil are expected to be mild with occasional rains, which could be beneficial for the bean crops, potentially leading to a stable supply in the short term.
🔮 Price Forecast
Over the next three days, prices are expected to remain stable given the current market conditions and weather forecasts. Specific attention will be paid to any changes in demand or supply disruptions.
